(EleconEng) Elecon Eng complete technical analysis [charts+indicators] | Buy/Sell Elecon Eng | (EleconEng) share price targets
Complete technical analysis of Elecon Eng (EleconEng) by charts plus indicators, forecast predictions and share price targets for Elecon Eng (EleconEng)
Showing technical analysis as on 2024-08-09 View latest technical analysis
10 day averaged volume of Elecon Eng is 44262
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Fri Aug 2024 | 582.25 | 600.45 | 600.45 | 581.00 | 0.217 times |
| 08 Thu Aug 2024 | 588.65 | 594.50 | 596.35 | 583.30 | 0.22 times |
| 07 Wed Aug 2024 | 593.45 | 570.05 | 601.25 | 564.65 | 0.819 times |
| 06 Tue Aug 2024 | 564.95 | 584.60 | 593.65 | 562.00 | 1.201 times |
| 05 Mon Aug 2024 | 572.35 | 565.20 | 598.25 | 565.20 | 2.885 times |
| 02 Fri Aug 2024 | 610.05 | 630.00 | 641.85 | 601.80 | 1.301 times |
| 01 Thu Aug 2024 | 637.00 | 629.50 | 638.80 | 626.85 | 0.432 times |
| 31 Wed Jul 2024 | 629.65 | 630.80 | 640.00 | 617.80 | 0.482 times |
| 30 Tue Jul 2024 | 632.30 | 642.95 | 652.45 | 622.00 | 0.52 times |
| 29 Mon Jul 2024 | 639.50 | 630.00 | 643.20 | 620.10 | 1.107 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 474.2 as stoploss in an intra day buy trade for a target of 749.68. However, stock will show a bearish move below 474.2.
Share price targets for Elecon Eng (EleconEng)
| Target Type | Value |
| Downside Target | 562.00 |
| Upside Target | 583.00 |
| Upside Target | 601.25 |
| Upside Target | 634.45 |
| Upside Target | 904.05 |
| Upside Target | 957.40 |
| Upside Target | 1189.20 |
| Upside Target | 1216.45 |
| Upside Target | 1244.95 |
| Upside Target | 1339.85 |
| Upside Target | 1367.30 |
| Upside Target | 1414.95 |
Intraday share price targets for Elecon Eng (EleconEng)
| Target Type | Value |
| Downside Intraday Target | 562.42 |
| Downside Intraday Target | 542.58 |
| Upside Intraday Target | 601.67 |
| Upside Intraday Target | 621.08 |
| Downside Intraday Target | 581.83 |
Weekly technical analysis of Elecon Eng (EleconEng)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Fri Aug 2024 | 582.25 | 565.20 | 601.25 | 562.00 | 1.391 times |
| 02 Fri Aug 2024 | 610.05 | 630.00 | 652.45 | 601.80 | 0.675 times |
| 26 Fri Jul 2024 | 627.30 | 620.05 | 642.00 | 583.00 | 0.58 times |
| 19 Fri Jul 2024 | 642.00 | 1291.45 | 1339.85 | 634.45 | 1.876 times |
| 12 Fri Jul 2024 | 1287.15 | 1414.95 | 1414.95 | 1216.45 | 1.518 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Elecon Eng (EleconEng)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 09 Fri Aug 2024 | 582.25 | 629.50 | 641.85 | 562.00 | 0.269 times |
| 31 Wed Jul 2024 | 629.65 | 1300.35 | 1414.95 | 583.00 | 1.353 times |
| 28 Fri Jun 2024 | 1321.25 | 1166.05 | 1367.30 | 957.40 | 2.014 times |
| 31 Fri May 2024 | 1108.75 | 1139.25 | 1189.20 | 920.45 | 0.527 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Elecon Eng (EleconEng)
Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Elecon Eng ( (EleconEng) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Elecon Eng ( (EleconEng) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Elecon Eng stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Elecon Eng in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Elecon Eng Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Elecon Eng in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Elecon Eng is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 596.76 and Elecon Eng (EleconEng) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Elecon Eng (EleconEng) stock. Volume based technical analysis of Elecon Eng (EleconEng) stock is negative.
Elecon Eng Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Elecon Eng ( (EleconEng) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Elecon Eng ( (EleconEng) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Elecon Eng stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Elecon Eng in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Elecon Eng Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Elecon Eng in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Elecon Eng is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 596.76 and Elecon Eng (EleconEng) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Elecon Eng (EleconEng) stock. Volume based technical analysis of Elecon Eng (EleconEng) stock is negative.
Elecon Eng Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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